2-bedroom flat · PO5 2JA
For saleReduced £30k (−3.9%) on 27 AugListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying an enviable seafront position on South Parade, this exceptional penthouse apartment offers a rare opportunity to own a beautifully proportioned coastal home with stunning panoramic sea views across the Solent.
Set within an elegant period detached house, the residence combines timeless character with generous, light-filled accommodation that extends to approximately 1,425 sq ft.
And is accessed via a private drive, entrance and staircase - enhancing the sense of exclusivity and privacy expected from a true penthouse apartment.
At the heart of the home lies an impressive open-plan living area combining kitchen, dining and sitting areas - providing an ideal space for both everyday living and entertaining; and enjoying direct access to two balconies allowing you to step outside and fully appreciate the ever-changing sea views and coastal atmosphere.
The kitchen is well arranged, offering ample workspace while remaining sociable and connected to the dining and sitting areas.
The residence features two spacious double bedrooms, both thoughtfully designed and benefitting from their own balcony; while a well-appointed bathroom, separate utility area and second toilet, add further practicality to this stylish home.
With its unrivalled location, generous proportions and breathtaking sea views, this penthouse apartment represents an outstanding lifestyle purchase, perfectly positioned to enjoy Southsea’s vibrant seafront, promenade, cafés and amenities.
A truly special coastal home, ideal as a main residence or luxurious seaside retreat.
Tenure Leasehold 999 Years Unexpired Years: 996 Years Annual Ground Rent: N/A Ground Rent Increase: N/A Ground Rent Review Period: Tbc Annual Service: £1,800 2 South Parade Administration Ltd - made up of all freeholders associated with the property.
These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional information Materials used in construction: Ask agent Have any alterations or improvements been carried out during the current ownership?
Yes, Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
South Parade is one of Southsea’s most prestigious and sought-after addresses, renowned for its prime seafront position and uninterrupted sea views across the Solent towards the Isle of Wight.
Lined with elegant period properties and characterful architecture, the road offers a unique blend of coastal charm and historic appeal.
Residents enjoy immediate access to Southsea’s vibrant promenade, perfect for walking, cycling or simply taking in the sea air.
The nearby Canoe Lake, Southsea Common and beautifully maintained gardens provide additional green open space, while a selection of independent cafés, restaurants and bars are all within easy reach.
South Parade is also conveniently positioned for access to central Southsea’s shopping districts, Gunwharf Quays, and Portsmouth Harbour mainline station, offering direct rail links to London.
Highly regarded schools and excellent transport connections further enhance the area’s appeal.
Combining a prime seafront setting with superb local amenities, South Parade represents coastal living at its finest.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About The Penthouse, 2, South Parade, Hampshire
Explore nearby